Japanese Mutual Fund Assets Soar 39% to $673 Billion

As a clear sign that Japanese investors are beginning to move their assets from savings into investments, Japanese mutual fund assets have hit a new high, the New Zealand Press reports. Assets in mutual funds in Japan soared 39% from a year ago to $673 billion. Total financial assets stood at $13.5 trillion.

With the yen at 22-year lows, Japanese investors expressed particular interest in international mutual funds.